In times when private equity investments haven’t been faring too well, Lok Capital is out there raising money for its third fund, having made some good decisions and performed nicely in the past 10 years with its first two funds.
Set up to invest in companies that don’t just make money but are also drivers of inclusion and socially oriented in their goals, Lok Capital chose microfinance in the first round and did well. The exception was Basix, which unfortunately got caught in the Andhra quicksand.
Lok Capital is now looking at micro, small and medium. . .